In today’s briefing:
- An Update on Gold: Time for a Pause?

An Update on Gold: Time for a Pause?
- Gold violated its rising trend line in all major currencies except yen, which may be a technical warning of a tiring bull. Is it time to turn cautious?
- We remain gold bulls. Gold prices are consolidating after strong gains in H1 2025, but the trend is still up.
- Bullish sentiment isn’t stretched and central bank buying provides long-term demand.
